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Fortinet

1,068 hedge funds and large institutions have $29.9B invested in Fortinet in 2023 Q3 according to their latest regulatory filings, with 122 funds opening new positions, 408 increasing their positions, 412 reducing their positions, and 147 closing their positions.

New
Increased
Maintained
Reduced
Closed

44% more call options, than puts

Call options by funds: $413M | Put options by funds: $288M

1% less repeat investments, than reductions

Existing positions increased: 408 | Existing positions reduced: 412

1.6% less ownership

Funds ownership: 66.51%64.91% (-1.6%)

3% less funds holding

Funds holding: 1,1021,068 (-34)

17% less first-time investments, than exits

New positions opened: 122 | Existing positions closed: 147

24% less capital invested

Capital invested by funds: $39.4B → $29.9B (-$9.48B)

42% less funds holding in top 10

Funds holding in top 10: 3319 (-14)

Holders
1,068
Holders Change
-34
Holders Change %
-3.09%
% of All Funds
16.95%
Holding in Top 10
19
Holding in Top 10 Change
-14
Holding in Top 10 Change %
-42.42%
% of All Funds
0.3%
New
122
Increased
408
Reduced
412
Closed
147
Calls
$413M
Puts
$288M
Net Calls
+$125M
Net Calls Change
+$39.4M
Name Holding Trade Value Shares
Change
Change in
Stake
TWM
601
Thrive Wealth Management
Pennsylvania
$762K
AWM
602
Apollon Wealth Management
South Carolina
$762K +$62K +937 +8%
GAA
603
Green Alpha Advisors
Colorado
$757K -$402K -6,069 -32%
FTDI
604
First Trust Direct Indexing
Massachusetts
$748K +$13K +197 +2%
SM
605
STF Management
Texas
$747K +$518K +7,823 +159%
EFH
606
Eaton Financial Holdings
Florida
$745K +$840K +12,694 New
OMC
607
Old Mission Capital
Illinois
$736K +$831K +12,551 New
ICM
608
Islay Capital Management
Texas
$735K -$72.8K -1,100 -8%
FIM
609
Freedom Investment Management
Connecticut
$734K +$55.1K +833 +7%
DG
610
DMC Group
Alabama
$733K +$123K +1,862 +18%
CWM
611
Circle Wealth Management
New Jersey
$729K +$823K +12,429 New
CG
612
Caprock Group
Idaho
$729K +$15.6K +236 +2%
BJL
613
Brighton Jones LLC
Washington
$728K +$132K +1,989 +19%
BW
614
Bison Wealth
Georgia
$725K +$2.38K +36 +0.3%
SBH
615
Segall Bryant & Hamill
Illinois
$721K +$814K +12,295 New
GIM
616
Groesbeck Investment Management
New Jersey
$717K -$146K -2,200 -15%
Twin Tree Management
617
Twin Tree Management
Texas
$715K -$11.3M -170,022 -93%
SC
618
Sonen Capital
California
$713K +$84.5K +1,277 +12%
AssetMark Inc
619
AssetMark Inc
California
$693K -$12.7K -192 -2%
CCM
620
Coldstream Capital Management
Washington
$690K -$20.2K -305 -3%
FPAS
621
Focus Partners Advisor Solutions
Missouri
$682K +$770K +11,630 New
S
622
SignatureFD
Georgia
$681K +$19.9K +300 +3%
Lido Advisors
623
Lido Advisors
California
$672K -$12.8K -194 -2%
HWM
624
HB Wealth Management
Georgia
$670K +$98.8K +1,493 +15%
CA
625
Cornerstone Advisors
North Carolina
$663K +$748K +11,300 New

FTNT Hedge Fund Activity: Q3 2023 in Review

1,068 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fortinet (FTNT) for Q3 2023, worth a combined $29.9B — down 24% from $39.4B a quarter earlier.

Sellers outnumbered buyers: 147 funds closed out of FTNT and 122 opened new positions — a net loss of 25 holders — while 412 trimmed existing stakes and 408 added.

The largest buyer was Nordea Investment Management, adding an estimated $382M. The largest seller was Fidelity Investments, cutting an estimated $435M.

  • 1,068 institutional investors held Fortinet (FTNT) as of Q3 2023, down from 1,102 in Q2 2023.
  • Funds reported $29.9B of Fortinet stock for Q3 2023, down 24% quarter-over-quarter.
  • 122 funds opened new Fortinet positions in Q3 2023 and 147 closed out, a net change of -25 holders.
  • The largest Fortinet buyer in Q3 2023 was Nordea Investment Management, an estimated $382M added.
  • The largest Fortinet seller in Q3 2023 was Fidelity Investments, an estimated $435M sold.

Based on aggregated 13F filings for Q3 2023.